atrvalues
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This script is designed as a visual data display tool for the MetaTrader trading platform. Its primary purpose is to provide traders with a real-time "snapshot" of market volatility across multiple different timeframes simultaneously without having to switch between individual charts.
Core Logic and Functionality
1. Multi-Timeframe Volatility Tracking The script focuses on the Average True Range (ATR), which is a standard technical indicator used to measure market volatility—essentially telling you how much an asset typically moves in price over a specific period. Instead of showing this for just one timeframe, the script simultaneously calculates the ATR for nine different timeframes:
- Short-term: 1 minute, 5 minutes, 15 minutes, and 30 minutes.
- Medium-term: 60 minutes (1 hour) and 240 minutes (4 hours).
- Long-term: 1440 minutes (1 day), 10080 minutes (7 days), and 43200 minutes (30 days).
2. Real-Time Data Aggregation The logic continuously pulls the most recent ATR values for all these timeframes based on a user-defined period (the "ATR Period"). By looking at all these values at once, a trader can quickly assess whether the current market move is significant relative to historical volatility on both a small and large scale.
3. On-Screen Visual Display Rather than plotting lines on the graph which can often clutter the workspace, this script generates a clean text dashboard. It creates nine distinct text labels and places them in a specific corner of your trading chart.
User Experience
When active, the script populates a vertical list on your screen. Each line identifies the timeframe and the corresponding ATR value in red text. This allows you to monitor everything from "micro" price action (1-minute fluctuations) to "macro" monthly trends at a single glance, providing a comprehensive overview of market behavior across the entire trading spectrum.
//+------------------------------------------------------------------+
//| atrValues.mq4 |
//| Copyright 2015, Mohit Marwaha |
//| marwaha1@gmail.com|
//+------------------------------------------------------------------+
#property copyright "Copyright 2015, Mohit Marwaha"
#property link "marwaha1@gmail.com"
#property version "1.00"
#property strict
#property indicator_chart_window
//---
extern int atrPeriod=10;
extern int infoCorner=0;
extern int shift=0;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int OnInit()
{
//---
Comment("Copyright MohitMarwaha");
//---
return(INIT_SUCCEEDED);
}
//+------------------------------------------------------------------+
//| |
//+------------------------------------------------------------------+
void OnDeinit(const int reason)
{
ObjectsDeleteAll();
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int OnCalculate(const int rates_total,
const int prev_calculated,
const datetime &time[],
const double &open[],
const double &high[],
const double &low[],
const double &close[],
const long &tick_volume[],
const long &volume[],
const int &spread[])
{
//---
double atr1=iATR(Symbol(),1,atrPeriod,shift);
double atr5=iATR(Symbol(),5,atrPeriod,shift);
double atr15=iATR(Symbol(),15,atrPeriod,shift);
double atr30=iATR(Symbol(),30,atrPeriod,shift);
double atr60=iATR(Symbol(),60,atrPeriod,shift);
double atr240=iATR(Symbol(),240,atrPeriod,shift);
double atr1440=iATR(Symbol(),1440,atrPeriod,shift);
double atr10080=iATR(Symbol(),10080,atrPeriod,shift);
double atr43200=iATR(Symbol(),43200,atrPeriod,shift);
//---
ObjectCreate("ObjName1",OBJ_LABEL,0,0,0);
ObjectSetText("ObjName1","ATR"+IntegerToString(atrPeriod,0)+": M1="+DoubleToStr(atr1,5),8,"Verdana",Red);
ObjectSet("ObjName1",OBJPROP_CORNER,infoCorner);
ObjectSet("ObjName1",OBJPROP_XDISTANCE,10);
ObjectSet("ObjName1",OBJPROP_YDISTANCE,25);
//---
ObjectCreate("ObjName2",OBJ_LABEL,0,0,0);
ObjectSetText("ObjName2","ATR"+IntegerToString(atrPeriod,0)+": M5="+DoubleToStr(atr5,5),8,"Verdana",Red);
ObjectSet("ObjName2",OBJPROP_CORNER,infoCorner);
ObjectSet("ObjName2",OBJPROP_XDISTANCE,10);
ObjectSet("ObjName2",OBJPROP_YDISTANCE,40);
//---
ObjectCreate("ObjName3",OBJ_LABEL,0,0,0);
ObjectSetText("ObjName3","ATR"+IntegerToString(atrPeriod,0)+": M15="+DoubleToStr(atr15,5),8,"Verdana",Red);
ObjectSet("ObjName3",OBJPROP_CORNER,infoCorner);
ObjectSet("ObjName3",OBJPROP_XDISTANCE,10);
ObjectSet("ObjName3",OBJPROP_YDISTANCE,55);
//---
ObjectCreate("ObjName4",OBJ_LABEL,0,0,0);
ObjectSetText("ObjName4","ATR"+IntegerToString(atrPeriod,0)+": M30="+DoubleToStr(atr30,5),8,"Verdana",Red);
ObjectSet("ObjName4",OBJPROP_CORNER,infoCorner);
ObjectSet("ObjName4",OBJPROP_XDISTANCE,10);
ObjectSet("ObjName4",OBJPROP_YDISTANCE,70);
//---
ObjectCreate("ObjName5",OBJ_LABEL,0,0,0);
ObjectSetText("ObjName5","ATR"+IntegerToString(atrPeriod,0)+": M60="+DoubleToStr(atr60,5),8,"Verdana",Red);
ObjectSet("ObjName5",OBJPROP_CORNER,infoCorner);
ObjectSet("ObjName5",OBJPROP_XDISTANCE,10);
ObjectSet("ObjName5",OBJPROP_YDISTANCE,85);
//---
ObjectCreate("ObjName6",OBJ_LABEL,0,0,0);
ObjectSetText("ObjName6","ATR"+IntegerToString(atrPeriod,0)+": M240="+DoubleToStr(atr240,5),8,"Verdana",Red);
ObjectSet("ObjName6",OBJPROP_CORNER,infoCorner);
ObjectSet("ObjName6",OBJPROP_XDISTANCE,10);
ObjectSet("ObjName6",OBJPROP_YDISTANCE,100);
//---
ObjectCreate("ObjName7",OBJ_LABEL,0,0,0);
ObjectSetText("ObjName7","ATR"+IntegerToString(atrPeriod,0)+": M1440="+DoubleToStr(atr1440,5),8,"Verdana",Red);
ObjectSet("ObjName7",OBJPROP_CORNER,infoCorner);
ObjectSet("ObjName7",OBJPROP_XDISTANCE,10);
ObjectSet("ObjName7",OBJPROP_YDISTANCE,115);
//---
ObjectCreate("ObjName8",OBJ_LABEL,0,0,0);
ObjectSetText("ObjName8","ATR"+IntegerToString(atrPeriod,0)+": M10080="+DoubleToStr(atr10080,5),8,"Verdana",Red);
ObjectSet("ObjName8",OBJPROP_CORNER,infoCorner);
ObjectSet("ObjName8",OBJPROP_XDISTANCE,10);
ObjectSet("ObjName8",OBJPROP_YDISTANCE,130);
//---
ObjectCreate("ObjName9",OBJ_LABEL,0,0,0);
ObjectSetText("ObjName9","ATR"+IntegerToString(atrPeriod,0)+": M43200="+DoubleToStr(atr43200,5),8,"Verdana",Red);
ObjectSet("ObjName9",OBJPROP_CORNER,infoCorner);
ObjectSet("ObjName9",OBJPROP_XDISTANCE,10);
ObjectSet("ObjName9",OBJPROP_YDISTANCE,145);
//--- return value of prev_calculated for next call
return(rates_total);
}
//+------------------------------------------------------------------+
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